eprintid: 2913
rev_number: 9
eprint_status: archive
userid: 150
dir: disk0/00/00/29/13
datestamp: 2007-03-27 12:00:00
lastmod: 2015-07-23 09:33:28
status_changed: 2008-01-09 13:43:14
type: working_paper
metadata_visibility: show
item_issues_count: 0
creators_name: Meghir, C.
creators_id: CHDME77
title: A retrospective on Friedman’s Theory of Permanent Income
ispublished: pub
subjects: 12055
subjects: 12000
divisions: F24
keywords: JEL classification: B31, D11, H30. Friedman, consumption function, permanent income hypothesis
abstract: Friedman’s book on the “Consumption Function” is one of the great works of Economics
demonstrating how the interplay between theoretical ideas and data analysis could lead to
major policy implications. We present a short review of Friedman’s Permanent Income
Hypothesis, the origins of the idea and its theoretical foundations. We give a brief
overview of its influence in modern economics and discuss some relevant empirical
results and the way they relate to the original approach taken by Friedman.
date: 2004-01
date_type: published
publisher: Institute for Fiscal Studies
official_url: http://dx.doi.org/10.1920/wp.ifs.2004.0401
vfaculties: VSHS
oa_status: green
language: eng
primo: open
primo_central: open_green
lyricists_name: Meghir, C
lyricists_id: CHDME77
full_text_status: public
series: IFS Working Papers
number: W04/01
place_of_pub: London, UK
issn: 1742-0415
citation:        Meghir, C.;      (2004)    A retrospective on Friedman’s Theory of Permanent Income.                    (IFS Working Papers  W04/01). Institute for Fiscal Studies: London, UK.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/2913/1/2913.pdf